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Tremendous action is being seen in the Indian stock market today. As soon as the market opens, investors’ eyes are focused on selected companies, among which Vedanta, Yes Bank, Bank, Dixon Technologies and Kalyan Jewelers are at the forefront. There are strong business reasons behind the rise or fall in the shares of these companies in today’s business.

At some places there is happiness of getting new orders and at some places the impact of major changes taking place within the company and its financial results is clearly visible. There is a lot of buying and selling in these shares since morning and there is a lot of curiosity among the investors.

Vedanta shares strengthened

The company has recently taken a big decision to divide its business into different parts, which has increased the confidence of investors significantly. This decision is expected to increase the value of the company and there is also talk in the market that the company is going to pay a lot of money to its shareholders soon. At 9 am the price of one share of Vedanta Power Limited was Rs 38 and at 11 am it was trading at Rs 42.

Confidence in Yes Bank shares increased

Yes Bank shares are up well today as the bank’s recent results have been better than expectations and it has received fresh funding from big corporate houses. Due to which bank shares are being bought heavily. For this reason, this share which opened at Rs 23.89 at 9 am had increased to the level of Rs 25.15.

Fluctuations in Bank shares

There is caution among investors in the market regarding the new working methods of the bank and loan recovery. Due to this, some people are withdrawing their profits by selling shares, which has affected the prices. At 9 am the stock opened at Rs 218.40 and by 11:35 am it was trading at Rs 215.36.

Tremendous rise in Dixon Technologies

Under the government scheme, the company has received new big orders for manufacturing phones and electronics. These new works will benefit the company a lot in future, that is why investors are busy buying it. After opening at Rs 12,300 in the morning, it had increased to Rs 12,879 by 11:38 am.

Slight increase in the price of Kalyan Jewelers

In view of the festivals, the company has expanded its showrooms and has already made good preparations to meet the increasing demand for gold jewellery. It opened at Rs 382.80 at 9 am and now till 11 am it is trading at Rs 384.10.